Stewart Information Services Corp (STC) Stake Maintained by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System held its position in shares of Stewart Information Services Corp (NYSE:STC) during the fourth quarter, Holdings Channel reports. The fund owned 21,822 shares of the company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System’s holdings in Stewart Information Services Corp were worth $1,006,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of STC. Municipal Employees Retirement System of Michigan boosted its stake in Stewart Information Services Corp by 2.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,180 shares of the company’s stock worth $230,000 after buying an additional 100 shares during the last quarter. Stevens Capital Management LP purchased a new stake in Stewart Information Services Corp during the third quarter worth approximately $322,000. Citadel Advisors LLC purchased a new stake in Stewart Information Services Corp during the third quarter worth approximately $392,000. UBS Asset Management Americas Inc. boosted its stake in Stewart Information Services Corp by 23.5% in the third quarter. UBS Asset Management Americas Inc. now owns 14,699 shares of the company’s stock worth $653,000 after buying an additional 2,800 shares during the last quarter. Finally, Clearline Capital LP boosted its stake in Stewart Information Services Corp by 6.5% in the third quarter. Clearline Capital LP now owns 20,831 shares of the company’s stock worth $926,000 after buying an additional 1,280 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Institutional Ownership by Quarter for Stewart Information Services Corp (NYSE:STC)

Shares of Stewart Information Services Corp (NYSE:STC) opened at 43.78 on Friday. The firm’s 50-day moving average is $44.12 and its 200-day moving average is $44.62. Stewart Information Services Corp has a 1-year low of $33.33 and a 1-year high of $48.60. The company has a market cap of $1.03 billion, a PE ratio of 23.66 and a beta of 0.85.

Stewart Information Services Corp (NYSE:STC) last issued its quarterly earnings results on Thursday, February 9th. The company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.16. Stewart Information Services Corp had a return on equity of 9.32% and a net margin of 2.76%. The business had revenue of $525.80 million for the quarter, compared to analyst estimates of $496.85 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. On average, equities analysts forecast that Stewart Information Services Corp will post $2.66 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.74%. Stewart Information Services Corp’s payout ratio is 65.22%.

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A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Stewart Information Services Corp from a “sell” rating to a “hold” rating in a research note on Thursday, December 22nd. Keefe, Bruyette & Woods cut shares of Stewart Information Services Corp from a “market perform” rating to an “underperform” rating and set a $40.00 target price on the stock. in a research note on Tuesday, December 13th. Finally, Stephens cut shares of Stewart Information Services Corp from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 5th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Stewart Information Services Corp currently has a consensus rating of “Hold” and an average target price of $34.05.

In related news, Director James M. Chadwick sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $42.29, for a total value of $46,519.00. Following the sale, the director now owns 2,498 shares in the company, valued at $105,640.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John L. Killea sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $45.08, for a total value of $180,320.00. The disclosure for this sale can be found here. 4.41% of the stock is currently owned by insiders.

About Stewart Information Services Corp

Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate.

5 Day Chart for NYSE:STC

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